Oct 12th end date for LOI ?
Post# of 75355
Posted On: 10/04/2016 3:22:04 PM
n regards to the Chinese Group of investors headed by Mrs. Li, the PR was back on 9/12. So 30 days of DD would put us at Oct 12th (not Oct 2nd like some have said). Unless I am not understanding.
Here is the headline:
Rocky Mountain High Brands Announces Letter of Intent for Possible Change of Control and Capital Infusion
BY GlobeNewswire
— 9:00 AM ET 09/12/2016
In the second third and forth paragraphs:
"The Letter of Intent grants Li a binding option to purchase 100% of the Series A Preferred Stock from Grisaffi. Further, the LOI specifies that Li understands that when exercising this option, Li will be required to contribute a sufficient amount of capital to RMHB to fund the Company to move forward in the implementation of its expansion plans.
Li, RMHB and Grisaffi have agreed upon a 30-day due diligence period for the potential acquisition.
Mrs. Li, President of Rocky Mountain High Brands China, represents several Chinese investors who are interested in expanding their holdings in the beverage industry in the United States and bringing U.S. products to China. The Chinese investors have worked with Mrs. Li in establishing Rocky Mountain High Brands China."
this tells me that we should know something at the end of the DD period which will be around Oct 12th.
best guess.
Here is the headline:
Rocky Mountain High Brands Announces Letter of Intent for Possible Change of Control and Capital Infusion
BY GlobeNewswire
— 9:00 AM ET 09/12/2016
In the second third and forth paragraphs:
"The Letter of Intent grants Li a binding option to purchase 100% of the Series A Preferred Stock from Grisaffi. Further, the LOI specifies that Li understands that when exercising this option, Li will be required to contribute a sufficient amount of capital to RMHB to fund the Company to move forward in the implementation of its expansion plans.
Li, RMHB and Grisaffi have agreed upon a 30-day due diligence period for the potential acquisition.
Mrs. Li, President of Rocky Mountain High Brands China, represents several Chinese investors who are interested in expanding their holdings in the beverage industry in the United States and bringing U.S. products to China. The Chinese investors have worked with Mrs. Li in establishing Rocky Mountain High Brands China."
this tells me that we should know something at the end of the DD period which will be around Oct 12th.
best guess.
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